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The Marianne Williamson Podcast

Transforming Capitalism, Part 1

The Marianne Williamson Podcast

Marianne Williamson

News, Religion & Spirituality

4.81K Ratings

🗓️ 15 October 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Spirituality and politics are like Romeo and Juliet: their families want to keep them apart but actually they belong together. These two primary drivers of change – one internal and one external – form a powerful unit when working side by side. While many spiritual seekers underestimate the importance of political change, many political activists underestimate the value of spiritual change. Understanding where each one nourishes the other is a powerful contribution to our efforts to repair the world.

Just as I hope my more “political” readers will not pass over posts about meditation and forgiveness, I hope my more “spiritual” readers will not pass over posts about politics and economics. A deeper understanding of all of the above will empower us to make the world a better place.

Our first TRANSFORM podcast is called Transforming Capitalism. We must always remember that an economy is here to serve the people; people are not here to serve an economy. Yet modern capitalism has become an unregulated, hegemonic behemoth that functions in a way which damages the lives of many millions of people as well as the planet itself. The horrors of extreme climate change, the tragedy of Afghanistan, and extreme wealth inequality share a common denominator: the destructive force of economic principles when given precedence over humanitarian values.

If our democracy worked - if government did its job to balance individual liberty with care for the common good - then we would be okay. But we are not okay, for America’s democracy defers to capitalism and not the other way around. Underlying our political system today is an unholy alliance between the leaders of government and the captains of industry. Our government has become little more than a system of legalized bribery, as our elected officials in far too many cases are mere handmaidens to their corporate donors. People on both Left and Right are aware that the system has been rigged at their expense, and there is an increasing yearning among millions of Americans to rise up and do something about it.

America cannot transform until we’re willing to recognize the destructive influence that an unfair economic system has had upon our democracy, our people and our future. Over the last forty years, economic opportunity – real, meaningful and vibrant economic opportunity – has belonged to an ever-shrinking group of Americans. This has left tens of millions of our fellow citizens scrambling to even survive, much less actualize their full human and economic potential. From an inability to access higher education; to lack of health care; to an unfairly low minimum wage; to the crippling burden of college loan debt, far too many are left unable to achieve pinnacles of creativity and productivity that would otherwise be within their grasp.

None of that will transform until we’re willing to look honestly at the injustices built into our economy, and for that we must look more deeply at capitalism itself.

Transforming Capitalism is filled with the powerful voices of some of the best economic thinkers in America: Stephanie Kelton, Richard Wolff, Matt Stoller, Peter Joseph and more (their individual interviews will be posted next week).

In order to transform any system, we must look honestly at what is occurring now, and articulate clearly how we would like it to evolve. In Part 1 of Transforming Capitalism we take a brutally honest look at what is, and in Part 2 we look ahead to what’s possible. When humanitarian values form the organizing principle for our economy – for our democracy, our people and our planet – America will transform.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.transformarticles.com/subscribe

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Mary Ann Williamson and welcome to the Transform podcast where we will examine the forces

0:07.0

of chaos that threaten to destroy us and the acts of love that can make the whole thing transform.

0:14.0

The economic system in America today is a system of economic tyranny. The economic system that prevails in America today is a system of economic tyranny. The economic system that prevails in America

0:23.9

today does not just ignore the poor. It does not just turn a blind eye to the poor. There is a

0:31.3

systemic war on the poor in America. And there is a reason for that. And that is because the kind of capitalism that is being practiced in America today,

0:41.3

an unfettered capitalism with no sense of moral or ethical responsibility to anything beyond its fiduciary responsibility to its stockholders,

0:52.3

with no sense of moral or ethical responsibility

0:56.2

to the larger stakeholders of the workers and the communities and the environment needs cheap

1:02.5

labor.

1:03.5

It needs cheap labor.

1:05.5

This isn't a matter of, come on guys, don't be so greedy.

1:09.0

This isn't a matter of, come on guys, don't be so selfish. This't a matter of come on guys don't be so

1:11.1

selfish this is a matter of us standing up and recognizing in America we don't do

1:16.5

aristocracy we're living at a time of historic change obviously a time when

1:23.0

things have to change or chaos will ensue unlike anything any of us have ever seen before.

1:30.6

I think that the human race is being challenged to evolve on some very fundamental levels,

1:36.4

or we will not have a sustainable future. You can't talk about the forces of chaos that are pulling us apart without talking about economics. And you can't talk about the forces of chaos that are pulling us apart without talking about economics.

1:47.0

And you can't talk about the forces of economics that are pulling us apart without talking about capitalism.

1:53.0

Get this, the richest 1% controls more wealth now than at any time in more than a half century.

2:00.0

The US authorities are investigating the leak of details

2:03.0

claiming to show how little tax is paid by some of America's richest people.

2:08.1

According to the ProPublica news outlet,

...

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